As the Indian economy continues to grow, many investors are looking for promising stocks to invest in. Fortunately, there are a variety of excellent stocks available on the Indian stock market that offer the potential for significant returns. In this article, we’ll be taking a look at the top 5 stocks in India under Rs.500 –
Indraprastha Gas Limited (IGL)
Indraprastha Gas Limited is one of India’s largest natural gas distribution companies. The company is responsible for the distribution of compressed natural gas (CNG) to vehicles and piped natural gas (PNG) to households and industries in Delhi, Noida, Greater Noida, and Ghaziabad. IGL has consistently delivered strong financial results, and its stock has performed well in recent years. As of March 2023, IGL share price is Rs. 431.
1. Tata Steel Ltd
Tata Steel Ltd is India’s largest integrated steelmaker and one of the world’s top steel companies. The company has a presence in 50 countries and operates in the areas of steelmaking, mining, and downstream operations. Tata Steel has a strong focus on innovation and sustainable development, and has been recognized for its efforts in these areas. As of March 2023, Tata Steel’s share price is Rs. 458.
2. Jindal Steel & Power Ltd
Jindal Steel & Power Ltd is another major player in the Indian steel industry. The company has a diverse portfolio of products, including steel, power, mining, and infrastructure. Jindal Steel & Power has a strong focus on sustainability and is committed to reducing its environmental impact. As of March 2023, Jindal Steel & Power’s share price is Rs. 434.10.
3. JK Paper Ltd
JK Paper Ltd is a leading player in the Indian paper industry. The company produces a range of paper products, including writing and printing paper, packaging boards, and specialty papers. JK Paper has a strong presence in both the domestic and international markets, and has received numerous awards for its quality and innovation. As of March 2023, JK Paper’s share price is Rs. 312.50.
4. Hindalco Industries Ltd
Hindalco Industries Ltd is a leading aluminum producer in India. The company has a diverse portfolio of products, including aluminum extrusions, rolled products, and foil products. Hindalco Industries is committed to sustainability and has implemented a variety of initiatives to reduce its environmental impact. As of March 2023, Hindalco Industries’ share price is Rs. 478.75.
Investing in these stocks can be a smart decision for investors looking to diversify their portfolios or get exposure to promising sectors of the Indian economy. However, it’s important to remember that investing always carries some degree of risk, and it’s important to do your own research before making any investment decisions.
To stay up-to-date with the latest share prices and market trends, it’s a good idea to use a share market app. These apps provide real-time information on stock prices, market news, and analysis, making it easier for investors to make informed decisions. Some popular share market apps in India include MotilalOswal, Investing.com, and ET Markets.
In conclusion, the Indian stock market offers a variety of excellent investment opportunities for investors of all levels of experience. The top 5 stocks under Rs.500, including Indraprastha Gas Limited, Tata Steel Ltd, Jindal Steel & Power